A partial trial balance of Pronghorn Corporation is as follows on December $31,2026.$

Additional adjusting data:

A physical count of supplies on hand on December $31,2026,$ totaled $$1,200.$

Through oversight, the Salaries and Wages Payable account was not changed during $2026.$ Accrued salaries and wages on

December $31,2026,$ amounted to $$4,400.$

The Interest Receivable account was also left unchanged during $2026.$ Accrued interest on investments amounts to $$4,800$

on December $31,2026.$

The unexpired portions of the insurance policies totaled $$68,200$ as of December $31,2026.$

$$27,000$ was received on January $1,2026,$ for the rent of a building for both $2026$ and $2027.$ The entire amount was credited

to Rent Revenue.

Depreciation on equipment for the year was erroneously recorded as $$4,800$ rather than the correct figure of $$48,000.$

A further review of depreciation calculations of prior years revealed that equipment depreciation of $$7,800$ was not

recorded. It was decided that this oversight should be corrected by a prior period adjustment.

Assuming that the books have not been closed, what are the adjusting entries necessary at December $31,2026?($Ignore income

tax considerations.$)($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

required, select $"$No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

Supplies

Supplies Expenses

Interest Receivable

$4,800$

Interest Revenue

Insurance Expense

$27,500$

Prepaid Insurance

$4,400$

Rent Revenue

Unearned Rent Revenue

Depreciation Expense

Accumulated Depreciation$-$Equipment

$43,300$

$27,000$

Accumulated Depreciation$-$Equipment

No Entry